In a a report issued to clients and investors on Thursday
morning, equity analysts at JP Morgan’s equities division cut Valeant
Pharmaceuticals (NYSE:VRX)’s stock from a Overweight to Neutral. They have a TP
of $35.00 on VRX or 61.74% more upside.
Out of 18 analysts covering Valeant Pharmaceuticals Intl
(NYSE:VRX), 5 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 25% are
positive. $175 is the highest target while $11 is the lowest. The $43.72
average target is 465.71% above today’s ($21.64) stock price. Valeant
Pharmaceuticals Intl has been the topic of 67 analyst reports since July 21,
2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the stock
on June 8 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight”
rating and $39 target price in a March 16 report. Rodman & Renshaw
maintained the shares of VRX in a report on April 11 with “Buy” rating.
Canaccord Genuity maintained the firm’s rating on March 16. Canaccord Genuity
has “Hold” rating and $40 price target. Lastly, Barclays Capital downgraded the
stock to “Equal-Weight” rating in a March 21 report.
Source: Press Telegraph